Loan sanctioned, how much money will the IMF give to Pakistan in the first tranche? know

Islamabad The International Monetary Fund (IMF)

Islamabad The International Monetary Fund (IMF) has approved $6.5 billion for Pakistan.

The loan has been approved, one billion 10 million dollars will be given to Pakistan in the first installment the declaration has been issued. According to private TV "Geo News", the IMF's announcement has approved the extension of the loan program until June 2023. and increasing tax revenue, Pakistan has to ensure a market-based exchange rate, sustainable growth can be ensured by improving the business environment and increasing interest rates to control inflation. There is action.

According to the report

According to the report, the IMF statement said that Pakistan should improve the security in the social sector and the efficiency of government-owned enterprises. The government of Pakistan has taken important steps to improve the deteriorating financial and external conditions, following the recently approved budget. Import should be a priority. The IMF has predicted that Pakistan's economic growth rate will be 3.5% this fiscal year. According to the IMF, unemployment in Pakistan is likely to increase by 6% this fiscal year, while government spending will remain at 17.1% of GDP. can.

In the IMF statement

In the IMF statement, it has been said that by the end of this financial year, Pakistan's foreign exchange reserves can be up to 16 billion 22 crores, while the inflation rate in Pakistan can be up to 19.9 percent. It ought to be noticed that yesterday the Executive Board of the International Monetary Fund (IMF) endorsed the Staff Level Agreement with Pakistan. The Executive Board of the International Monetary Fund met in which the Staff Level Agreement with Pakistan was approved.

The IMF board

The IMF board supported the arrival of around $1.17 billion to Pakistan and this credit sum will be moved to Pakistan by the IMF this week.

It should be noted that Pakistan's earlier loan was 6 billion dollars, but the IMF has increased the loan by 50 million rupees, so now Pakistan will get 6 billion 50 million dollars.